The Post reported earlier that Didi Global's search for an alternative stock-market home following its proposed exit from the NYSE has hit a snag, as its plan for an IPO in Hong Kong is on hold ... ( read original story ...)
Exclusive-HSBC and Ping An executives plan to discuss breakup proposal – source
HSBC's Hong Kong-listed shares rose 1.9% on Wednesday, building on Tuesday's gains of 2.6%, outpeforming again as markets warmed up to the idea of a break-up. HSBC shareholders have grappled with the ... ( read original story ...)
Hong Kong stocks fall as tech shares drag ahead of Fed rate decision
HONG KONG, May 4 (Reuters ... and the Hang Seng Tech Index dropped 3.1%, while the financial sector edged up 0.02% and the property sector climbed 0.33% ** The top gainer on the Hang Seng ... ( read original story ...)
Leading HSBC shareholder calls for bank’s break-up
In 2016, after a 10-month review, the bank rejected the option to re-focus its business to the main profit-generating hub of Hong Kong and decided to keep its headquarters in London. The bank is ... ( read original story ...)
SEC probes Didi Global over IPO
Its IPO was the largest China ADS listing in the US since Alibaba ... and in December last year said that it would delist from the NYSE, and potentially float in Hong Kong. The firm’s shareholders are ... ( read original story ...)
Share Market LIVE: Sensex, Nifty trade flat lower volatility; LIC IPO to open today
Hong Kong’s Hang Seng index shed 0.68% as shares of Tencent and ... MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed. 8:30 am: LIC IPO to open today The much-awaited ... ( read original story ...)
US securities regulator probes Didi Global’s $4.4 billion IPO
The IPO came under scrutiny by Chinese authorities last summer ... Depositary Shares from the New York Stock Exchange (NYSE) and pursue a listing in Hong Kong. Didi shareholders will vote on May 23 on ... ( read original story ...)
Low mobility was a key reason for the larger-than-expected fall in Hong Kong’s GDP, says economist
Alicia Garcia-Herrero of Natixis says Hong Kong's mobility restrictions have affected the ... a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock ... ( read original story ...)
Overbought Hang Seng Nonetheless Called To Open Higher
The Hang Seng now rests just above the 21,100-point ... Henderson Land lost 0.47 percent, Hong Kong & China Gas stumbled 1.15 percent, Industrial and Commercial Bank of China sank 0.84 percent, JD.com ... ( read original story ...)
Hong Kong Plots a Different Covid Path to China’s Zero Tolerance
The moves reflect a broader push by influential figures in the city to focus on retaining Hong Kong’s appeal as an international financial hub, particularly as President Xi Jinping’s rigid Covid Zero ... ( read original story ...)
HSBC investors give Ping An break-up plan cool response
HONG KONG: HSBC investors gave a break-up proposal by its biggest shareholder a lukewarm response on Tuesday, voicing concerns a split would prove complex with no guarantee of raising returns. Chinese ... ( read original story ...)
Hong Kong landowners to get better compensation rates with new mechanism, in bid to boost Northern Metropolis development
Hong Kong to set aside HK$100 billion for ambitious Northern Metropolis ... The bureau expects to resume 500 hectares of private land from this financial year to 2026-27, and 200 hectares more beyond ... ( read original story ...)
DLA Piper poaches Linklaters energy-focused finance partner in Hong Kong
Chen joins DLA Piper as a partner from Linklaters in Hong Kong She focuses on energy project financing in Greater China and projects under China's Belt and Road Initiative The company and law firm ... ( read original story ...)
Hong Kong Q1 GDP down 4pct after deadly Omicron surge
The southern Chinese financial hub enjoyed four successive quarters of growth in 2021, recovering from a two-year recession prompted by social turmoil and the start of the pandemic. Hong Kong largely ... ( read original story ...)